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Inflation Question

We want to redo our kitchen and we have the cash to pay for it. Knowing that prices are really good right now do to the recession. My DH thinks that it might be a better deal to have it done on credit because when inflation hits we will be paying with dollars that are worth less. I think that it is about the same or paying cash now is a better deal because prices are pretty good right now and when/if inflation does hit us hard prices are going up. What do you ladies think?

In an economy like this, somebody will be really happy to HAVE a job that will pay CASH, and you can probably negotiate a deal BECAUSE you're paying cash.

Why would you want to pay interest, no matter how low it is? That minimal interest may cancel out any logic that makes you think your dollar will be worth less later. I think your husband is over-thinking it.

Answer by
Anonymous
at 9:38 AM on Sep. 26, 2009

1-7 of 7 answers

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